UAE and Western Australia to work on wheat issues

Government leaders from the UAE and Australia met this week to discuss grain exports between the two countries. After last year’s drought in major wheat-producing countries like Australia, the US, and Russia, worldwide grain reserves are down 8.8%. The UAE, as a net-import for food country, is key to secure fixed contracts with farmers in Western Australia to purchase their wheat.

Western Australia provides up to 80% of the country’s grain exports, and have been already sending about 10% of those to the UAE. Since the UAE is vulnerable to the shifts in costs of basic good and Western Australian farmers need to secure guaranteed buyers of their wheat, the partnership is expected to be mutually beneficial.

Government leaders from the UAE and Australia met this week to discuss grain exports between the two countries. After last year’s drought in major wheat-producing countries like Australia, the US, and Russia, worldwide grain reserves are down 8.8%. The UAE, as a net-import for food country, is key to secure fixed contracts with farmers in Western Australia to purchase their wheat.

Western Australia provides up to 80% of the country’s grain exports, and have been already sending about 10% of those to the UAE. Since the UAE is vulnerable to the shifts in costs of basic good and Western Australian farmers need to secure guaranteed buyers of their wheat, the partnership is expected to be mutually beneficial.